In recent years, Russian companies have been actively seeking to scale into foreign markets. Young teams, observing the experience of the big players, dare to conquer such markets as the American one. Without considering the legal pitfalls, companies get "burned" on standard mistakes and, at best, lose time and money. Rod Tuvaev, head of Alliance Legal CG's sanctions law practice and adviser on export controls, sanctions and international trade rules, explains how a Russian company can legally prepare to enter the US market without consequences.
Compliance with regulatory requirements, implementing these requirements at the export planning stage, is the key to kick-starting sales.
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Author: Rod Tuvaev, Head of Sanctions Law Practice Alliance Legal CG. Counsel on Export Control, Sanction & Trade Compliance.